What problem does this idea/product solve or what market need does it serve?

Modern consumers are time-poor and they are rapidly becoming comfortable purchasing high value goods online, if the process is transparent. Car dealers need technology solutions and cutting-edge marketing to compete with online auto startups. F&I providers need to market to consumers at the point of purchase.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

For car buyers, Prestio.com lists thousands of new & used cars (4000 live currently), will offer instant decisioning finance and insurance options, and facilitate trade-ins, all online. For Partner Dealer customers, we are an advanced selling platform, using AI powered marketing to find online buyers bypassing their store.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Rather than disrupt the successful and massive dealership industry, as new form retail does, we collaborate with other dealers. Our competitive advantage lies in our Partner Dealer network and years of advanced digital marketing and sales. It enables us to do everything the new form retailers do but with added benefits of new car sales and thousands of local inventory. As a dealer, we understand all 5 dealership profit centers. Our customers love our plans for a fintech lender and service lane tech.

Team Leader

Glen Dakan

Kelley School of Business, IU-Bloomington

Glen Dakan is a serial entrepreneur, current Pipeline Entrepreneur fellow, and member of the Young Entrepreneur Council. Dakan served 11 years active duty as a US Navy pilot and now as a Commander in the Navy reserves, had 5 years’ experience as Founder / Dealer Principal of Pure Pursuit Automotive (PPA), a boutique exotic car dealership and PureConcierge (PC), an online car buying site. Those companies power the automotive division of his latest venture Prestio. Prestio is developing a one-stop new and used car buying platform to help consumers buy from a dealer without being trapped in the dealership, using Fintech and a unique Partner Dealer model. He holds a BS from Vanderbilt and earned an MBA and an MS Finance with high honors from the Kelley School of Business, IU-Bloomington.